Don’t Sell U.S. Treasuries! Fed Offers Global Repo Madness to Many Central Banks for at Least Six Months




from WallStForMainSt

Another day, another bailout continues!

This time it’s the Fed offering global #RepoMadness to any central bank on the globe as long as they don’t dump their US Treasuries to raise cash to help their own struggling economies.

Fed Launches Repo Facility To Provide Dollars To Foreign Central Bank https://www.zerohedge.com/markets/fed…

Rumors are swirling that Norway’s $950 billion sovereign wealth fund is about to start liquidating assets now as their government cannot meet its budget thanks to much lower than expected oil prices. https://www.bloomberg.com/news/articl…

Russia has also sold about $30 billion of assets recently from their reserves to cover government budget shortfalls thanks to oil prices crashing since the first week of January 2020.

President Trump, Nancy Pelosi and Congress are already planning the next rounds of stimulus!
1) Trump Calls For $2T Infrastructure Package In Phase 4 Stimulus https://www.zerohedge.com/political/t…
2) Hospitals Burn Through Cash While Congress Weighs Next Stimulus https://www.newsmax.com/finance/stree…
3) Democrats Want Another Coronavirus Aid Bill, Republicans Argue We Should Wait https://www.forbes.com/sites/jackbrew…
4) Nancy Pelosi begins talk of next coronavirus relief bill as she tells House Democrats to ‘recognize the good’ in stimulus https://www.msn.com/en-us/news/politi…
5) Left-Behind Industries Clamor for Billions in Next Stimulus Bill https://news.yahoo.com/industries-mis…
6) Ivanka Trump on $2 trillion coronavirus relief: Our mandate is to ‘swing for the fences’ https://finance.yahoo.com/news/ivanka…

Please visit the Wall St for Main St website here: http://www.wallstformainst.com/
Follow Jason Burack on Twitter @JasonEBurack
Follow Wall St for Main St on Twitter @WallStforMainSt

You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation!

Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wa